3,261 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,261 shares of the exchange traded fund’s stock, valued at approximately $1,592,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Axxcess Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 41.7% during the 3rd quarter. Axxcess Wealth Management LLC now owns 90,906 shares of the exchange traded fund’s stock worth $42,912,000 after buying an additional 26,770 shares during the period. Arrow Financial Corp boosted its holdings in shares of Invesco QQQ by 7.2% during the 3rd quarter. Arrow Financial Corp now owns 141,366 shares of the exchange traded fund’s stock worth $68,997,000 after buying an additional 9,516 shares during the period. Summit Wealth & Retirement Planning Inc. boosted its holdings in shares of Invesco QQQ by 4.6% during the 3rd quarter. Summit Wealth & Retirement Planning Inc. now owns 1,144 shares of the exchange traded fund’s stock worth $558,000 after buying an additional 50 shares during the period. 17 Capital Partners LLC raised its stake in Invesco QQQ by 25.0% in the 3rd quarter. 17 Capital Partners LLC now owns 2,532 shares of the exchange traded fund’s stock worth $1,236,000 after purchasing an additional 506 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its stake in Invesco QQQ by 9.4% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 27,020 shares of the exchange traded fund’s stock worth $13,188,000 after purchasing an additional 2,315 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1 %

Shares of Invesco QQQ stock opened at $514.14 on Friday. Invesco QQQ has a twelve month low of $369.57 and a twelve month high of $514.92. The company has a 50-day simple moving average of $484.62 and a two-hundred day simple moving average of $471.30.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, September 23rd.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.